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(REFEX) Refex Industries complete technical analysis [charts+indicators] | Buy/Sell Refex Industries | (REFEX) share price targets

Complete technical analysis of Refex Industries (REFEX) by charts plus indicators, forecast predictions and share price targets for Refex Industries (REFEX)

Refex Industries trades in NSE in Industrial Gases sector.

Showing technical analysis as on 2024-02-16 View latest technical analysis

10 day averaged volume of Refex Industries is 83388

Date	Daily Closing Price	Open	High	Low	Volume
16 Fri Feb 2024	609.50	620.00	626.80	602.50	0.897 times
15 Thu Feb 2024	613.70	598.00	613.70	581.10	1.246 times
14 Wed Feb 2024	584.50	550.10	584.50	550.05	0.816 times
13 Tue Feb 2024	556.70	569.95	580.00	553.10	2.278 times
12 Mon Feb 2024	582.20	584.00	599.00	582.20	1.314 times
09 Fri Feb 2024	612.80	612.80	612.80	612.80	0.439 times
08 Thu Feb 2024	645.05	679.50	686.30	645.05	1.337 times
07 Wed Feb 2024	679.00	690.00	690.00	674.05	0.551 times
06 Tue Feb 2024	683.95	690.00	692.00	676.60	0.599 times
05 Mon Feb 2024	676.40	690.00	692.50	672.10	0.853 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 611.9, but if it comes above 611.9, then a intra day buy could be more profitable.
If you take a sell trade below 611.9, then use 611.9 as stoploss and 556.6 as target. However if you take a buy trade in stock , then use 611.9 as stoploss and 658.04 as target.

Share price targets for Refex Industries (REFEX)

Target Type	Value
Downside Target	512.10
Downside Target	550.05
Downside Target	579.30
Downside Target	602.00
Upside Target	626.80
Upside Target	644.00
Upside Target	677.55
Upside Target	692.50
Upside Target	702.80
Upside Target	711.00
Upside Target	721.10
Upside Target	731.50
Upside Target	753.95

Intraday share price targets for Refex Industries (REFEX)

Target Type	Value
Downside Intraday Target	564.1
Downside Intraday Target	518.7
Upside Intraday Target	640.85
Upside Intraday Target	672.2
Downside Intraday Target	595.45

Weekly technical analysis of Refex Industries (REFEX)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Fri Feb 2024	609.50	584.00	626.80	550.05	1.734 times
09 Fri Feb 2024	612.80	690.00	692.50	612.80	0.953 times
02 Fri Feb 2024	680.70	711.00	721.10	678.20	0.589 times
25 Thu Jan 2024	709.05	685.00	753.95	677.55	1.575 times
19 Fri Jan 2024	673.95	711.00	711.00	644.00	0.413 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Refex Industries (REFEX)

Date	Monthly Closing Price	Open	High	Low	Volume
16 Fri Feb 2024	609.50	695.05	702.80	550.05	0.409 times
31 Wed Jan 2024	694.35	610.00	753.95	602.00	1.617 times
29 Fri Dec 2023	601.60	530.95	650.00	521.00	0.878 times
30 Thu Nov 2023	529.85	568.90	579.30	512.10	0.682 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Refex Industries (REFEX)

Price action analysis of Refex Industries ( (REFEX) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Refex Industries ( (REFEX) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Refex Industries ( (REFEX) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Refex Industries ( (REFEX) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Refex Industries stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Refex Industries in short term and the sell signal is strong.

Refex Industries Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a buy signal for Refex Industries in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Refex Industries is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 611.2 and Refex Industries (REFEX) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Refex Industries (REFEX) stock. Volume based technical analysis of Refex Industries (REFEX) stock is negative.

Refex Industries Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.